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amortization

[am-er-tuh-zey-shuh n, uh-mawr-] /ˌæm ər təˈzeɪ ʃən, əˌmɔr-/
noun
1.
an act or instance of amortizing a debt or other obligation.
2.
the sums devoted to this purpose.
Also, amortizement.
Origin
1665-1675
1665-75; < Medieval Latin a(d)mortizātiōn- (stem of admortizātiō). See amortize, -ation
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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British Dictionary definitions for amortizations

amortization

/əˌmɔːtaɪˈzeɪʃən/
noun
1.
  1. the process of amortizing a debt
  2. the money devoted to amortizing a debt
2.
(in computing the redemption yield on a bond purchased at a premium) the amount that is subtracted from the annual yield Compare accumulation (sense 3b)
Derived Forms
amortizement, amortisement (əˈmɔːtɪzmənt) noun
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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Word Origin and History for amortizations

amortization

n.

1670s, in reference to lands given to religious orders, from Medieval Latin amortizationem (nominative amortizatio), noun of action from past participle stem of amortizare (see amortize). Of debts, from 1824.

Online Etymology Dictionary, © 2010 Douglas Harper
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amortizations in Culture
amortization [(am-uhr-tuh-zay-shuhn, uh-mawr-tuh-zay-shuhn)]

A term that refers either to the gradual paying off of a debt in regular installments over a period of time or to the depreciation of the “book value” (that is, the standard assessed value) of an asset over a period of time.

The American Heritage® New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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